Miles Litvinoff's Blog (9)

Leading advocates of country-by-country payments to governments reporting by oil, gas and mining companies have joined Publish What You Pay (PWYP) UK in calling on the United Kingdom government to continue to lead the global push for greater transparency in the extractive industries as part of the fight against corruption and for citizen empowerment in resource-rich countries.

The London Stock Exchange’s (LSE) Alternative Investment Market (AIM) was launched in 1995 for smaller and growing international companies looking to raise capital for expansion. AIM describes itself as “the most successful growth market in the world”. The UK government has sung…

Mandatory reporting by oil, gas and mining companies under European Union country-by-country disclosure laws began in the UK and France in 2016. Key aspects of the reporting requirements – which have equivalents in Norway, Canada and the USA – are especially useful in preventing corruption: granularity (disaggregation by project and by recipient…

On 15 April the United Kingdom published its first Extractive Industries Transparency Initiative (EITI) report, after being an EITI candidate country since 2014. The report provides, for the first time, and for calendar year 2014, a detailed public breakdown of taxes, licence fees and other payments made to the UK government by 71 named oil, gas, mining and quarrying…